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Brownfield's Weekly Livestock Market Update

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines.

Latest Episode

Placements drop 12% on the year in latest On Feed report | Weekly Livestock Market Update

On this episode of Weekly Livestock Market Update (WLMU), Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk placements dropping 12% on the year in the latest Cattle On Feed report. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.00 lower on the week, and feeder cattle prices were $1.00 to $5.00 lower this week. June live cattle were up $4.15 on the week, and May feeder cattle were up $7.75 on the week. Choice box beef was $2.85 lower this week. Cash hogs are up $1.20 this week. June lean hog futures were up $2.95 on the week. Pork cutout values were down $0.20 this week. Weekly Slaughter: At the end of the week, cattle slaughter was 620,000 head, up 17,000 on the week and down 5,000 for the year. Hog slaughter was 2.487 million head, up 2,000 from the previous week and up 34,000 on the year. Year-to-date cattle slaughter is down 4.8% relative to last year, and hog slaughter is up 0.7% Cattle on Feed: The April 2024 cattle on feed inventory was up 1.5% relative to the year-ago level, slightly outside of the bottom end of the pre-report estimate. Cattle marketed during March was down 13.7% compared to one year ago and outside the pre-report estimates. Cattle placements were 12.3% below the year-ago level and came in below the range of pre-report estimates. The percentage of heifers on feed was 38.5% of total on feed. Although lower than the previous quarter, it suggests there is still no move by cow-calf producers to retain heifers to grow the cow herd. Next Week's Reports: ➡︎ Cold Storage ➡︎ Livestock Slaughter Connect with us: ➡︎ X (formerly Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

April 19 • 12m 55s

Episodes

Placements drop 12% on the year in latest On Feed report | Weekly Livestock Market Update cover art

Placements drop 12% on the year in latest On Feed report | Weekly Livestock Market Update

On this episode of Weekly Livestock Market Update (WLMU), Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk placements dropping 12% on the year in the latest Cattle On Feed report. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.00 lower on the week, and feeder cattle prices were $1.00 to $5.00 lower this week. June live cattle were up $4.15 on the week, and May feeder cattle were up $7.75 on the week. Choice box beef was $2.85 lower this week. Cash hogs are up $1.20 this week. June lean hog futures were up $2.95 on the week. Pork cutout values were down $0.20 this week. Weekly Slaughter: At the end of the week, cattle slaughter was 620,000 head, up 17,000 on the week and down 5,000 for the year. Hog slaughter was 2.487 million head, up 2,000 from the previous week and up 34,000 on the year. Year-to-date cattle slaughter is down 4.8% relative to last year, and hog slaughter is up 0.7% Cattle on Feed: The April 2024 cattle on feed inventory was up 1.5% relative to the year-ago level, slightly outside of the bottom end of the pre-report estimate. Cattle marketed during March was down 13.7% compared to one year ago and outside the pre-report estimates. Cattle placements were 12.3% below the year-ago level and came in below the range of pre-report estimates. The percentage of heifers on feed was 38.5% of total on feed. Although lower than the previous quarter, it suggests there is still no move by cow-calf producers to retain heifers to grow the cow herd. Next Week's Reports: ➡︎ Cold Storage ➡︎ Livestock Slaughter Connect with us: ➡︎ X (formerly Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

April 19 • 12m 55s
Hog breeding inventory down 2.1% on the year | Weekly Livestock Market Update for 3/29/24 cover art

Hog breeding inventory down 2.1% on the year | Weekly Livestock Market Update for 3/29/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.40 lower on the week, and feeder cattle prices were $6.00 to $9.00 lower this week. April live cattle were down $2.40 on the week, and April feeder cattle were down $4.70 on the week. Choice box beef was $3.80 lower this week. Cash hogs are up $0.85 this week. April lean hog futures were up $2.15 on the week. Pork cutout values were up $2.10 this week. Weekly slaughter: At the end of the week, cattle slaughter was 586,000 head, down 12,000 on the week and down 59,000 for the year. Hog slaughter was 2.404 million head, down 128,000 from the previous week and down 80,000 on the year. Year-to-date cattle slaughter is down 5.8% relative to last year, and hog slaughter is up 0.5% Cold storage: February 2024 Beef ending stocks were 440 million pounds, down 60 million pounds from one year ago. Pork ending stock fell slightly below 460 million pounds, down 60 million pounds from last year. Prospective plantings: USDA estimates corn planted acreage at 90 million acres, 5% lower than last year, while soybean acreage planted is projected to increase by 3% to 86.5 million acres. The corn acreage estimate fell below the pre-report estimate of 92 million acres. Restaurant performance index: The February restaurant index increased slightly but did not return to levels seen at the end of 2023. Same-store sales improved in February but remained below 100, suggesting further contraction. Hogs and pigs: The quarterly hogs and pigs report showed breeding inventory down 2.1% relative to one year ago, above the mid-point of the pre-report estimates. Farrowings in December through February were down 2.6%, coming in below pre-report estimates. Pigs per litter was 104.6% of last year, continuing a trend of stronger pigs per litter. Next week's reports: ➡︎ Jobs report ➡︎ Monthly Trade Data Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

March 30 • 22m 24s
Cattle Placements 10% above year-ago levels | Weekly Livestock Market Update for 3/22/24 cover art

Cattle Placements 10% above year-ago levels | Weekly Livestock Market Update for 3/22/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.70 higher on the week and stand $25 above the year-ago level, while feeder cattle prices were $3 to $5.00 higher this week. April live cattle were up $0.45 on the week, while April feeder cattle were down $0.05 on the week. Choice box beef was $2.50 higher this week. Cash hogs are up $1.00 this week. April lean hog futures were down $2.25 on the week. Pork cutout values were up $0.10 this week. Weekly slaughter: At the end of the week, cattle slaughter was 598,000 head, down 3,000 on the week and down 30,000 for the year. Hog slaughter was 2.532 million head, up 66,000 from the previous week and up 59,000 on the year. Year-to-date cattle slaughter is down 5.4% relative to last year, and hog slaughter is up 0.8% Livestock slaughter: February 2024 beef production totaled 2.2 billion pounds, up 3.6% from the year-ago level. Cattle dressed weights were 8 pounds higher in February 2024 relative to one year ago. Pork production in February 2024 totaled 2.4 billion pounds, up 9.9% relative to last year. February 2024 had one extra weekday due to the leap year. Cattle on feed: The March 2024 cattle on feed inventory stood at 101.3% of last year. This is at the upper end of the pre-report estimates. Cattle placed in February was 109.7% of last year and fell nearly one percentage point outside of the upper end of the pre-report estimates. One extra day due to leap year and low January placements due to the extremely cold weather pushed placements higher in February. Next week's reports: ➡︎ Cold Storage ➡︎ Quarterly Hogs and Pigs ➡︎ Prospective Plantings ➡︎ Restaurant Performance Index Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

March 22 • 13m 42s
Retail beef prices up 6.5% on the year | Weekly Livestock Market Update for 3/15/24 cover art

Retail beef prices up 6.5% on the year | Weekly Livestock Market Update for 3/15/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $2.70 higher on the week and stand $23.65 above the year-ago level, while feeder cattle prices were steady to $5.00 higher this week. April live cattle were down $0.35 on the week, and April feeder cattle were down $1.80 on the week. Choice box beef was nearly $4.50 higher this week. Cash hogs are up $0.50 this week. April lean hog futures were up $2.05 on the week. Pork cutout values were up $1.15 this week. Weekly slaughter: At the end of the week, cattle slaughter was 601,000 head, up 18,000 on the week and down 27,000 for the year. Hog slaughter was 2.471 million head, up 15,000 from the previous week and down 24,000 on the year. Retail prices: The February beef retail price registered $8.08 per pound, up 6.5% relative to one year ago but unchanged from January 2024. Ground beef prices were 2.0% higher in February relative to January. The February pork retail price was $4.76 per pound, virtually unchanged from one year ago. Consumer sentiment: The March 2024 consumer sentiment index slid 0.5% relative to last month but remained 23.4% above the year-ago level. Next week's reports: ➡︎ Livestock Slaughter ➡︎ Cattle on Feed Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

March 15 • 12m 22s
USDA raises beef production in latest Supply and Demand | Weekly Livestock Market Update for 3/8/24 cover art

USDA raises beef production in latest Supply and Demand | Weekly Livestock Market Update for 3/8/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk about the USDA raising beef production in the latest Supply and Demand report. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.85 higher on the week, while feeder cattle prices were $3.00 to $6.00 higher this week. April live cattle were down $0.65 on the week, and April feeder cattle were down $4.25 on the week. Choice box beef was $2.70 higher this week. Cash hogs are up $0.65 this week. April lean hog futures were down $3.30 on the week. Pork cutout values were up $0.50 this week. Weekly slaughter: At the end of the week, cattle slaughter was 583,000 head, down 16,000 on the week and down 48,000 for the year. Hog slaughter was 2.456 million head, down 93,000 from the previous week and down 52,000 on the year. Jobs report: February jobs totaled 275,000, above the pre-report estimate of 198,000. However, the unemployment rate increased to 3.9% Monthly trade data: January 2024 beef exports totaled 232.6 million pounds, down 4.1% relative to the year-ago level. Mexico increased U.S. beef by 17.2% in January relative to one year ago. January beef imports increased by 38.1% relative to last year as Brazil, Australia, and New Zealand all sent more beef to the U.S. Pork exports rose 5.8% in January relative to last year at 587.8 million pounds. WASDE: USDA raised March beef production by 140 million pounds and increased beef imports by 50 million pounds. Total beef, pork, and chicken production was increase by 270 million pounds from USDA’s February numbers. USDA lowered corn prices by $.05 this month. Next week's reports: ➡︎ Retail Prices ➡︎ Consumer Sentiment Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

March 9 • 19m 56s
Weekly Livestock Market Update: March 1st, 2024 cover art

Weekly Livestock Market Update: March 1st, 2024

This week in the markets – Live fed cattle prices are $2.25 higher on the week, while feeder cattle prices were steady to $4.00 higher this week. April live cattle were up $0.45 on the week, and April feeder cattle were down $1.90 on the week. Choice box beef was $4.85 higher this week. Cash hogs are up $0.70 this week. April lean hog futures were up $0.90 on the week. Pork cutout values were marginally lower this week. Weekly Slaughter – At the end of the week, cattle slaughter was 599,000 head, down 6,000 on the week and down 27,000 for the year. Hog slaughter was 2.549 million head, down 29,000 from the previous week and up 26,000 on the year. Cold Storage – January 2024 cold storage stocks of beef were down 11.2% relative to one year ago at 475 million pounds. Pork ending stocks for January were down 9.8% at 468 million pounds. Bellies, hams, and loins were all lower relative to year-ago levels. Restaurant Performance Index – Lower same-store sales and customer traffic led to a 1.1% decline in the January 2024 restaurant performance index. Weakness has led to four months of the current situation index being in the contraction range. The weaker customer traffic trend may suggest consumers need to make choices to reduce spending as their budgets tighten.     Quarterly Trade Report – USDA increased their FY2024 agricultural trade value by $1.0 billion relative to their November estimates. They also increased the value of imports for FY2024 by $1 billion, leaving net exports unchanged. The bright spot for the livestock industry was a $0.5 billion increase in pork export value relative to their November forecast. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

March 1 • 14m 7s
U.S. Cattle on Feed Up Slightly, Placements Down 7% | Weekly Livestock Market Update for 2/23/24 cover art

U.S. Cattle on Feed Up Slightly, Placements Down 7% | Weekly Livestock Market Update for 2/23/24

Brownfield Anchor/Reporter Brent Barnett and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $0.75 higher on the week with very light volume, and feeder cattle prices were $2.00 to $4.00 higher this week. April live cattle were up $0.35 on the week, and March feeder cattle were up $3.30 on the week, while March corn futures were 17 cents lower this week, with corn futures closing below $4.00 for the first time since late 2020. Choice box beef was up $4.30 this week and stood at $12.00 above the year-ago level. Cash hogs are up $4.00 this week. April lean hog futures were up $1.95 on the week. Pork cutout values were up $3.75 this week, with strength in all primals. Weekly slaughter: At the end of the week, cattle slaughter was 593,000 head, down 15,000 on the week and down 21,000 for the year. Hog slaughter was 2.578 million head, up 19,000 from the previous week and up 217,000 on the year. Livestock slaughter: January beef production totaled 2.28 billion pounds, down 1.9% relative to one year ago. Beef cow slaughter was down 12.6% in January relative to one year ago. January pork production totaled 2.47 billion pounds, 2% above last year. Cattle on feed: The February Cattle on Feed inventory was 11.797 million head, up slightly from last year's level. January cattle placements were 1.792 million head, 7% below last year. Placements were four percentage points above the pre-report estimate. Pre-report estimates were expecting lower placements due to cold weather conditions in January limiting sales of feeder cattle. Next week's reports: ➡︎ Quarterly Ag Trade ➡︎ Restaurant Performance Index ➡︎ Cold Storage (delayed this week) Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

February 23 • 12m 11s
Fed cattle and cash hog prices move higher this week | Weekly Livestock Market Update for 2/16/24 cover art

Fed cattle and cash hog prices move higher this week | Weekly Livestock Market Update for 2/16/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.45 higher on the week, while feeder cattle prices were steady this week. April live cattle were up $0.85 on the week, and March feeder cattle were up $3.95 on the week while March corn futures were 14 cents lower this week. Choice box beef was unchanged this week and stood at $18.75 above the year-ago level. Cash hogs are up $1.50 this week. April lean hog futures were up $4.00 on the week. Pork cutout values were up $2.40 this week. Weekly slaughter: At the end of the week, cattle slaughter was 608,000 head, down 14,000 on the week and down 17,000 for the year. Hog slaughter was 2.559 million head, down 63,000 from the previous week and up 69,000 on the year. Retail prices: The choice retail beef price gained 6.7 cents in January 2024 relative to last month. This is 6.7% above the year-ago level. The retail price of pork fell 3 cents in January 2024 relative to last month and remained unchanged relative to the year-ago level. Bacon prices fell 2.4% over the past month. Consumer sentiment: The February consumer sentiment index gained 0.8% over last month's level and 19% above the year-ago level. Next week's reports: ➡︎ Livestock Slaughter ➡︎ Cattle on Feed ➡︎ Cold Storage Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

February 16 • 11m 9s
Pork exports up 15% on the year | Weekly Livestock Market Update for 2/9/24 cover art

Pork exports up 15% on the year | Weekly Livestock Market Update for 2/9/24

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/ Find more agriculture news here: https://brownfieldagnews.com/ This week in the markets: Live fed cattle prices are $1.10 higher on the week, feeder cattle prices were $1 - $4 higher this week. April live cattle were up $2.60 on the week, and March feeder cattle were up $1.85 on the week. Choice box beef was down $1.30 this week, which is $26.40 above the year-ago level. Cash hogs are down $0.75 this week. April lean hog futures were down $2.55 on the week. Pork cutout values were down $2.40 this week on much weaker bellies. Weekly slaughter: At the end of the week, cattle slaughter was 622,000 head, down 15,000 on the week and down 6,000 for the year. Hog slaughter was 2.622 million head, down 70,000 from the previous week and up 147,000 on the year. Farm income: USDA’s current 2024 farm income estimate is down 25% from one year ago to $116 billion. USDA projects production expenses to be up nearly $17 billion relative to last year. Monthly trade data: December beef exports were 6% below year-ago levels. December shipments of pork were up 15% relative to this year a year ago. Supply and demand: USDA's largest change to livestock categories was to reduce beef net exports by 355 million pounds relative to its January estimate. USDA increased net pork exports by 230 million pounds from its January estimate. USDA raised fed steer prices and barrow and gilts prices by $2. Next week's reports: Retail Prices and Consumer Sentiment Connect with us: ➡︎ X (formally Twitter): https://twitter.com/brownfield ➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews ➡︎ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

February 9 • 10m 2s
Weekly Livestock Market Update for January 26, 2024 cover art

Weekly Livestock Market Update for January 26, 2024

January 26 • 13m 41s
Weekly Livestock Market Update for 12/22/2023 cover art

Weekly Livestock Market Update for 12/22/2023

December 22 • 15m 14s
Weekly Livestock Market Update cover art

Weekly Livestock Market Update

December 15 • 15m 21s
Weekly Livestock Market Update for 12/08/23 cover art

Weekly Livestock Market Update for 12/08/23

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

December 8 • 23m 5s
USDA raises latest 2023 farm income estimate, but still down from 2022 levels | Weekly Livestock Market Update for 12/1/23 cover art

USDA raises latest 2023 farm income estimate, but still down from 2022 levels | Weekly Livestock Market Update for 12/1/23

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. This week in the markets – Live fed cattle prices are $2.40 lower on the week, while feeder cattle prices were largely untested due to the Thanksgiving holiday. February live cattle were down $2.20 on the week, and January feeder cattle were down $5.30 on the week. Choice box beef was up $1.15 this week. Cash hogs are down $1.70 this week. February lean hog futures were up $0.90 on the week. Pork cutout values were virtually unchanged this week. Weekly Slaughter Numbers – At the end of the week, cattle slaughter was 635,000 head, up 97,000 on the week but down 25,000 for the year. Hog slaughter was 2.704 million head, up 479,000 from the previous week and up 121,000 on the year. Year-to-date cattle slaughter is down 4.7%, while hog slaughter is up 1.6%. Farm Income – USDA raised their 2023 farm income estimate by about $10 billion relative to their August estimate. This estimate remains more than $20 billion below the 2022 level. Livestock cash receipts are expected to decline by $13 billion in 2023 relative to 2022, despite an increase of more than $14 billion in cattle and calf receipts. Restaurant Performance Index - Decline for the third month in October -- due to a lower situation index. Customer traffic fell three points in October relative to September.   Quarterly Ag Trade Outlook – U.S. agricultural exports in FY24 have been lowered by $2.5 billion relative to the August forecast. FY24 livestock export value is estimated at $36.3 billion, a decline of $5.5 billion from the record FY22 level. Next week's reports – Monthly Trade Data, Jobs Report and WASDE Learn more about what's happening in the markets: https://brownfieldagnews.com/ag-markets/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

December 1 • 16m 23s
Weekly Livestock Market Update 11/22/2023 cover art

Weekly Livestock Market Update 11/22/2023

November 22 • 13m 3s
Weekly Livestock Market Update for 11/18/2023 cover art

Weekly Livestock Market Update for 11/18/2023

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

November 18 • 12m 28s
USDA report shows little change to livestock estimates | Weekly Livestock Market Update for 11/10/23 cover art

USDA report shows little change to livestock estimates | Weekly Livestock Market Update for 11/10/23

This week in the markets – Live fed cattle prices were $4.25 lower on the week, while feeder cattle prices were $1.00 to $5.00 lower this week. December live cattle were up $1.85 on the week, while January feeder cattle were up $4.25 on the week. Choice box beef was down $4.70 this week. Cash hogs were unchanged this week. December lean hog futures were up $1.45 on the week. Pork cutout values were up $1.70 this week on stronger bellies. Weekly Slaughter Numbers – At the end of the week, cattle slaughter was 617,000 head, down 11,000 on the week and down 45,000 for the year. Hog slaughter was 2.609 million head, up 47,000 from the previous week and up 54,000 on the year. Year-to-date cattle slaughter is down 4.5%, while hog slaughter is up 1.4%. WASDE – The USDA monthly report showed little changes to 2023 livestock estimates. 2024 beef production was increased by 0.5 billion pounds this month relative to October. USDA lowered its estimate of 2024 chicken production by 0.4 billion pounds this month. USDA made few changes to its 2024 estimates of livestock prices. Monthly Trade Data – September 2023 beef exports totaled 232 million pounds, a decline of nearly 50 million pounds relative to one year ago. Year-to-date beef exports are 2.3 billion pounds, nearly 400 million pounds below the same time last year. In September 2023, pork exports totaled 512 million pounds, virtually unchanged from the year-ago level. Year-to-date pork exports exceed the year-ago level by 331 million pounds. Consumer Sentiment – The November estimate of consumer sentiment fell by 5.3% relative to October. That marks four consecutive months of reduced consumer sentiment numbers. Consumer income outlook and war concerns continue to weigh on consumer sentiment. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

November 10 • 10m 33s
Weekly Livestock Market Update for 11/03/23 cover art

Weekly Livestock Market Update for 11/03/23

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

November 3 • 16m 46s
Weekly Livestock Market Update 10/27/2023 cover art

Weekly Livestock Market Update 10/27/2023

October 27 • 14m 16s
Weekly Livestock Market Update for 10/20/2023 cover art

Weekly Livestock Market Update for 10/20/2023

October 20 • 15m 19s
Weekly Livestock Market Update for 10/13/2023 cover art

Weekly Livestock Market Update for 10/13/2023

October 13 • 15m 22s
Weekly Livestock Market Update for 10/06/2023 cover art

Weekly Livestock Market Update for 10/06/2023

October 6 • 16m 53s
Weekly Livestock Market Update for 9/29/2023 cover art

Weekly Livestock Market Update for 9/29/2023

September 29 • 19m 59s
Weekly Livestock Market Update for 9/22/2023 cover art

Weekly Livestock Market Update for 9/22/2023

September 22 • 14m 53s
Weekly Livestock Market Update for 9/15/2023 cover art

Weekly Livestock Market Update for 9/15/2023

September 15 • 18m 31s
Weekly Livestock Market Update for 9/8/2023 cover art

Weekly Livestock Market Update for 9/8/2023

September 8 • 15m 14s
Weekly Livestock Market Update for 9/1/2023 cover art

Weekly Livestock Market Update for 9/1/2023

September 1 • 18m 35s
Weekly Livestock Market Update for 08/25/2023 cover art

Weekly Livestock Market Update for 08/25/2023

August 25 • 8m 47s
Weekly Livestock Market Update for 8/18/2023 cover art

Weekly Livestock Market Update for 8/18/2023

August 18 • 18m 11s
Weekly Livestock Market Update for 8/11/2023 cover art

Weekly Livestock Market Update for 8/11/2023

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

August 11 • 18m 35s
Weekly Livestock Market Update for 8/04/2023 cover art

Weekly Livestock Market Update for 8/04/2023

August 4 • 13m 17s
Weekly Livestock Market Update for 7/28/2023 cover art

Weekly Livestock Market Update for 7/28/2023

July 28 • 13m 5s
Weekly Livestock Market Update for 7/21/2023 cover art

Weekly Livestock Market Update for 7/21/2023

July 21 • 17m 18s
Weekly Livestock Market Update for 7/14/2023 cover art

Weekly Livestock Market Update for 7/14/2023

July 14 • 19m 44s
Weekly Livestock Market Update for 7/7/2023 cover art

Weekly Livestock Market Update for 7/7/2023

July 7 • 18m 12s
Weekly Livestock Market Update 06/30/23 cover art

Weekly Livestock Market Update 06/30/23

June 30 • 17m 19s
Weekly Livestock Market Update for 6/24/23 cover art

Weekly Livestock Market Update for 6/24/23

June 24 • 15m 45s
Weekly Livestock Market Update for June 16, 2023 cover art

Weekly Livestock Market Update for June 16, 2023

June 16 • 16m 30s
Weekly Livestock Market Update for June 9, 2023 cover art

Weekly Livestock Market Update for June 9, 2023

June 9 • 17m 23s
Weekly Livestock Market Update for 06/02/2023 cover art

Weekly Livestock Market Update for 06/02/2023

June 2 • 16m 35s
Weekly Livestock Market Update for 5/19/2023 cover art

Weekly Livestock Market Update for 5/19/2023

May 19 • 11m 58s
Weekly Livestock Market Update for May 12, 2023 cover art

Weekly Livestock Market Update for May 12, 2023

May 12 • 15m 49s
Weekly Livestock Market Update for 5/5/2023 cover art

Weekly Livestock Market Update for 5/5/2023

May 5 • 14m 13s
Weekly Livestock Market Update for 4/28/2023 cover art

Weekly Livestock Market Update for 4/28/2023

April 28 • 12m 45s
April 1st On Feed 95.6% of one year ago: Weekly Livestock Market Update for 4/21/23 cover art

April 1st On Feed 95.6% of one year ago: Weekly Livestock Market Update for 4/21/23

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. ----- - This week in the markets – Live fed cattle prices were down $1.80 on the week, while feeder cattle prices were mostly steady this week. June live cattle were up $0.85 on the week. May feeder cattle were up $4.10 on the week. Choice box beef was up $8.60 this week on strength in all components. Cash hogs were up $1.35 this week. June lean hog futures were down $0.70 on the week. Pork cutout values were up $1.20 this week on higher belly prices. - Weekly Slaughter Numbers – At the end of the week, cattle slaughter was 622,000 head, up 9,000 on the week and down 42,000 for the year. Hog slaughter was 2.459 million head, that’s up 30,000 from the previous week and up 83,000 on the year. Year-to-date cattle slaughter is down 3.1% while hog slaughter is up 1.7% - Livestock Slaughter – March 2023 beef production fell 4.1% relative to the year-ago level as both cattle slaughter and cattle weights remained below year-ago levels. Although beef cow slaughter is 9.3% below the year-ago level for the first quarter of 2023, it remains above the 2017 to 2021 average. The 1.9% increase in hog slaughter in March 2023 relative to a year ago more than offset lower hog weights to increase March 2023 pork production by 1.3%. - Cattle on Feed – Cattle on Feed April 1st was 95.6% of one year ago. Cattle placed on feed during March was 99.4% of a year ago and slightly outside of the upper end of the pre-report estimate. The percentage of heifers on feed was 38.7, indicating no herd rebuilding has started yet. - Next week’s reports – Cold Storage and Restaurant Performance Index ----- Find more agriculture news: brownfieldagnews.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

April 21 • 10m
Weekly Livestock Market Update for 4/14/2023 cover art

Weekly Livestock Market Update for 4/14/2023

April 14 • 16m 39s
Pork exports jump in February: Weekly Livestock Market Update for 4/7/23 cover art

Pork exports jump in February: Weekly Livestock Market Update for 4/7/23

Brownfield Anchor/Reporter Brent Barnett and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines. ----- - This week in the markets – Live fed cattle prices were up more than $3.50 on the week and feeder cattle prices were $4 to $10 higher ower this week in Oklahoma. June live cattle were up $1.20 on the week. May feeder cattle were up $0.25 on the week. Choice box beef was up $7.3 this week. Cash hogs were down $1.65 this week. June lean hog futures were down $3.35 on the week. Pork cutout values were down $1.90 this week, with all primals lower. - Weekly Slaughter Numbers – Through Thursday, daily cattle slaughter was 488,000 head, down 3.4% relative to the first four days of last week and down 0.7% relative to the same period one year ago. For the first four days of this week, hog slaughter was 1.924 million head, up 0.2% relative to the same period last week and up 2.3% relative to the same period last year. Year-to-date cattle slaughter is down 2.3% while hog slaughter is up 1.7% - Monthly Trade Data – February 2023 beef exports totaled 250.8 million pounds, down 3.7 million pounds from a year ago. Chinese imports of US beef were down 2.3 million pounds in February relative to a year ago. February 2023 pork exports were 504.2 million pounds, up 18 million pounds relative to a year ago levels. Much of the gain came from countries not usually at the top of the list of export destinations. - Jobs Report – The March jobs report showed the US added 236,000 jobsin March and the unemployment rate held steady at 3.5%. - Next week’s reports – WASDE, Retail Prices and Consumer Sentiment ----- Find more agriculture news: brownfieldagnews.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

April 7 • 10m 31s
Weekly Livestock Market Update for 3/31/23 cover art

Weekly Livestock Market Update for 3/31/23

March 31 • 13m 33s
Weekly Livestock Market Update for 3/24/23 cover art

Weekly Livestock Market Update for 3/24/23

March 24 • 17m 35s
Weekly Livestock Market Update for 3/17/23 cover art

Weekly Livestock Market Update for 3/17/23

March 17 • 12m 2s
Weekly Livestock Market Update for 3/11/23 cover art

Weekly Livestock Market Update for 3/11/23

March 11 • 20m 23s
Weekly Livestock Market Update for 3/3/23 cover art

Weekly Livestock Market Update for 3/3/23

March 3 • 10m 6s
Weekly Livestock Market Update for 2/24/23 cover art

Weekly Livestock Market Update for 2/24/23

February 24 • 13m 3s
Weekly Livestock Market Update for 2/17/23 cover art

Weekly Livestock Market Update for 2/17/23

February 17 • 13m 12s
Weekly Livestock Market Update for 2/10/23 cover art

Weekly Livestock Market Update for 2/10/23

February 10 • 16m 9s
The lowest beef cow inventory since 1962: Weekly Livestock Market Update for 2/3/23 cover art

The lowest beef cow inventory since 1962: Weekly Livestock Market Update for 2/3/23

In this Weekly Livestock Market Update, Scott and Meghan talk about the markets, Restaurant Performance Index, jobs, the lowest beef cow inventroy since 1962, and more. ----- - This week in the markets – Live fed cattle prices were up $1.80 on the week and feeder cattle prices were generally higher but too lightly tested given weather conditions in some parts of cattle country. April live cattle were up $3.25. March feeder cattle were up $2.40. Choice box beef was down $3.30 this week. Cash hogs were unchanged this week. April lean hog futures were unchanged on the week. Pork cutout values were up $0.08 this week. - Weekly Slaughter Numbers - At the end of the week, cattle slaughter was 641,000 head, down 18,000 on the week and up 6,000 for the year. Hog slaughter was 2.575 million head, that’s up 39,000 from the previous week and up 139,000 on the year given last year’s severe cold spell. - Restaurant Performance Index - Increased 0.7% in December. That was on both stronger current situation as well as a stronger expectations component. Same-store sales were up 0.9% for the month. - Jobs - We added 517,000 jobs in January, well above pre-report expectations. The unemployment dipped to 3.4%, a 53-year low. - Cattle Inventory - The lowest beef cow inventory since 1962. Less than 29 million head of beef cows. Heifers kept for breeding down nearly 6%. More beef cows were lost in the drought states than the rest of the country combined. (KS, OK, NE, MT, ND, SD) - Next Week’s Reports - Farm income, WASDE, Monthly Trade Data, Consumer Sentiment ----- Find more agriculture news at: brownfieldagnews.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

February 3 • 15m 22s
Weekly Livestock Market Update for 1/27/23 cover art

Weekly Livestock Market Update for 1/27/23

January 27 • 13m 54s
Weekly Livestock Market Update for 1/20/23 cover art

Weekly Livestock Market Update for 1/20/23

January 20 • 11m 59s
Cattle industry outlook for 2023: A special Weekly Livestock Market Update for January 7, 2023 cover art

Cattle industry outlook for 2023: A special Weekly Livestock Market Update for January 7, 2023

Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a special weekly recap of the markets and discuss how it can impact farmers’ bottom lines live from the Missouri Cattlemen’s Annual Convention. ----- Find more agriculture news at: brownfieldagnews.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

January 7 • 34m 43s
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